The SEC Continues to Prove it is the Most Powerful Influencer: How to Avoid Touting Charges

Recently, the US Securities and Exchange Commission (“SEC” or “the Commission”) announced charges against eight celebrities, including Jake Paul, Soulja Boy, Lindsay Lohan, and Ne-Yo for unlawfully touting digital tokens without disclosing that they were compensated for doing so and the amount of their compensation. Notably, the SEC also simultaneously charged crypto asset entrepreneur Justin Sun and three of his wholly-owned companies for, among other things, aiding and abetting these touting…
By: White & Case LLP